$999,000

For sale

494 Oakwood Avenue West, Toronto (Oakwood Village) - Single Family for Sale

494 Oakwood Avenue West, Toronto (Oakwood Village), Ontario, M6E2W7

4 beds2 baths3 parking1,300 ft²20 × 110 ft (2,200 sq ft) lot sizeListed 41 days ago

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $999,000, it is attractively priced about 13% below the $1,149,000 median asking price in Toronto. It has been on the market 41 days, fresher than the Toronto average of 59 days.

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Description

A detached home with a double garage and more than 60 years of family history, 494 Oakwood Avenue is ready for its next chapter. Well maintained by the same family since 1960, this two-storey home offers three bedrooms, two bathrooms and inviting spaces to enjoy now while making updates over time.A second kitchen and separate walk-out on the lower level add flexibility for extended family or a home office. The detached double garage, accessed from the laneway, provides parking and valuable extra storage.Enjoy the convenience of nearby transit, parks, schools, cafés and neighbourhood shops. Bring your ideas and make this long-loved home your own. (id:66096)

Property Details

MLS®: C13827912
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 20 × 110 ft (2,200 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: Finished, Separate entrance, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $4,803.37/yr
Listed: 41 days ago

Rooms

Main level

Foyer: 2.24 x 1.84 meters
Kitchen: 5.04 x 2.98 meters
Dining room: 3.4 x 3.06 meters
Living room: 3.3 x 3.06 meters

Lower level

Utility room: 2.71 x 1.59 meters
Bathroom: 1.8 x 1.16 meters
Laundry room: 3.55 x 2.82 meters
Kitchen: 3.35 x 3.14 meters
Cold room: 5.06 x 1.82 meters
Recreational, Games room: 5.06 x 5.06 meters

Features

Appliances: All, Garage door opener, Garage door opener remote(s), Water Heater
Flooring: Hardwood, Laminate, Ceramic
Foundation: Block
Exterior: Brick, Aluminum siding
Lot Features: Conservation/green belt, Lane, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Toronto (Oakwood Village) listings, avg age

59d

Price / ft²

$768

List price

$999K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 4-bed single family in Toronto (Oakwood Village) has been listed for 41 days, which is 18 days fresher than the city average of 59. Act while there is still low competition.

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Listed by RE/MAX ULTIMATE REALTY INC. · TONY MAZZA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6E)

This home lists at $999,000, about 12.2× the local median household income of $82,000.

Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 138% above the area median.

Median household income: $82,000
Population: 37,684
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6E)

$999,000· $768/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,900

Min 7.50%50%

Mortgage payment$5,123/mo

↳ CMHC premium ($36,964 capitalized)

Property tax (est.)$400/mo

Total monthly$5,524

Cash Needed to Close

Down payment (7.50%)$74,900

Land transfer tax$32,910

Est. closing costs$5,497

Total cash needed$113,307

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